Core Insights - Enbridge Inc. reported Q3 2025 adjusted EPS of 33 cents, missing the Zacks Consensus Estimate of 39 cents and down from 40 cents in the previous year [1][10] - Total revenues for the quarter were $10.6 billion, a decline from $10.9 billion year-over-year, also missing the Zacks Consensus Estimate of $10.86 billion [1][10] - The weak performance was primarily due to lower Adjusted EBITDA contributions from the Liquids Pipelines and Renewable Power Generation segments [2][10] Segmental Analysis - **Liquids Pipelines**: Adjusted EBITDA was C$2.31 billion, down from C$2.34 billion year-over-year, affected by lower contributions from the Flanagan South and Spearhead Pipelines [4] - **Gas Transmission**: Adjusted earnings increased to C$1.26 billion from C$1.15 billion, driven by favorable contracting and contributions from the Venice Extension project [5] - **Gas Distribution and Storage**: Profit rose to C$560 million from C$522 million, supported by increased contributions from U.S. Gas Utilities and acquisitions in North Carolina [6] - **Renewable Power Generation**: Earnings increased to C$100 million from C$86 million year-over-year [6] - **Eliminations and Other**: Adjusted EBITDA decreased to C$38 million from C$96 million in the previous year [7] Financial Metrics - Distributable Cash Flow (DCF) was reported at C$2.57 billion, down from C$2.6 billion a year ago [8] - Long-term debt stood at C$100.6 billion, with cash and cash equivalents of C$1.4 billion and a current portion of long-term debt at C$1.8 billion [9] Outlook - For 2025, Enbridge reaffirmed its guidance for Adjusted EBITDA in the range of $19.4-$20.0 billion and DCF per share between $5.50-$5.90 [10] - The company expects a near-term growth outlook (2023-2026) of 7-9% for adjusted EBITDA and nearly 3% for DCF per share [10]

Core Insights - Antero Midstream Corporation (AM) reported Q3 2025 earnings per share of 24 cents, missing the Zacks Consensus Estimate of 25 cents, but an increase from 21 cents in the same quarter last year [1][10] - Total revenues for the quarter were $295 million, surpassing the Zacks Consensus Estimate of $294 million and up from $270 million year-over-year [1][10] - Increased gathering and compression volumes helped mitigate the impact of rising operating expenses [2][10] Operational Performance - Average daily compression volumes reached 3,421 million cubic feet (MMcf/d), up from 3,269 MMcf/d a year ago, but below the estimate of 3,469 MMcf/d; compression fee per Mcf increased to 22 cents, a nearly 5% rise from 21 cents [3] - High-pressure gathering volumes totaled 3,170 MMcf/d, a 4% increase from 3,046 MMcf/d year-over-year, though below the estimate of 3,238 MMcf/d; average high-pressure gathering fee remained flat at 23 cents [4] - Low-pressure gathering volumes averaged 3,432 MMcf/d, up from 3,277 MMcf/d a year ago and above the estimate of 3,415 MMcf/d; average low-pressure gathering fee remained flat at 36 cents [5] - Freshwater delivery volumes were 92 MBbls/d, a 30% increase from 71 MBbls/d in the prior year, with an average distribution fee of $4.37, slightly below the estimate of $4.40 [6] Operating Expenses - Direct operating expenses rose to $57.9 million from $51.7 million a year ago; total operating expenses increased to $114.3 million from $107.4 million in the same period of 2024 [7] Balance Sheet - As of September 30, 2025, the company reported no cash and cash equivalents, with long-term debt standing at $3,009 million [8] Zacks Rank and Key Picks - Antero Midstream currently holds a Zacks Rank 3 (Hold); notable energy sector stocks include Oceaneering International (Zacks Rank 1), Canadian Natural Resources, and FuelCell Energy (both Zacks Rank 2) [9]

Core Insights - Enbridge Inc. (ENB) is scheduled to report its third-quarter 2025 results on November 7, before market opening [1] Group 1: Q2 Earnings Performance - In the last reported quarter, Enbridge's adjusted earnings were 47 cents per share, exceeding the Zacks Consensus Estimate of 41 cents, driven by higher contributions from Gas Transmission and Gas Distribution and Storage segments [2] - Enbridge has surpassed the Zacks Consensus Estimate in each of the last four quarters, with an average surprise of 5.61% [2] Group 2: Q3 Estimates and Trends - The Zacks Consensus Estimate for third-quarter earnings per share is 39 cents, reflecting a 2.5% decline from the prior year's reported figure [3] - The estimated revenue for the third quarter is $10.86 billion, indicating a 0.5% decrease from the year-ago figure of $10.91 billion [3][5] Group 3: Business Model and Performance Factors - Enbridge's low-risk business model, with over 98% of its EBITDA generated from regulated or long-term take-or-pay contracts, is expected to support stable earnings and cash flows [4] - Increased financing costs and higher maintenance expenses for midstream assets are anticipated to negatively impact overall profitability in the upcoming quarter [5][6] Group 4: Earnings Prediction - The current Earnings ESP for Enbridge is -3.42%, indicating that the model does not predict an earnings beat for this quarter [7] - Enbridge holds a Zacks Rank of 3, suggesting a neutral outlook [8]

Core Insights - Eni S.p.A's renewable energy subsidiary, Plenitude, has commenced construction of a 200 MW solar photovoltaic park named Entrenúcleos in Spain, expected to be operational by 2026 [1][10] - The project will utilize green steel and incorporate ecological design features to promote biodiversity [4][10] - Plenitude's total solar capacity under development in Andalusia now reaches approximately 580 MW, with additional projects already underway [5][10] Project Details - The Entrenúcleos solar park will consist of 326,000 solar panels across four units, each with a capacity of 50 MWp, projected to generate over 435 GWh of clean electricity annually [3][10] - The northern block of Plenitude's Renopool solar complex in Extremadura has recently been completed, adding 130 MW of capacity and expected to produce 265 GWh of annual renewable output [2] Strategic Importance - Plenitude's expansion in Andalusia aligns with its broader renewable energy strategy in Spain, where it has around 1,300 MW of installed wind and solar capacity and a pipeline of over 2 GW of projects [7] - The company aims to achieve 10 GW of installed renewable capacity and expand its customer base to over 11 million by 2028 [8]